If You Own A Kalashnikov Rifle, Obama Just Sanctioned You

If you thought the latest round of US sanctions against some largely unknown Russians and a few new companies listed here, most notably Rosneft and Gazprombank – but not Gazprom, never Gazprom – that would cut off Russian gas to Europe and Merkel doesn’t want that – would be largely a non-event, you are right. Unless you own a Kalashnikov, aka AK-47 rifle. In which case read on.